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NavanNAVN +2.12%12 Gross Margin % is 74.04% as of Apr. 2026, which is 8% above its 10-year median of 68.37. GuruFocus rates NAVN with a GF Score™ of 12/100. The stock has 5 warning signs investors should review. Among 2,691 Software companies, Navan ranks better than 82.01% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Navan's Gross Profit for the
three
months ended in Apr. 2026 was $163.1 Mil. Navan's Revenue for the
three
months ended in Apr. 2026 was $220.2 Mil. Therefore, Navan's Gross Margin % for the quarter that ended in Apr. 2026 was 74.04%.
The historical rank and industry rank for Navan's Gross Margin % or its related term are showing as below:
NAVN'
s Gross Margin % Range Over the Past 10 Years
Min: 59.57 Med: 68.37 Max: 72.12
Current: 72.12
During the past 3 years, the highestGross Margin % of Navan was 72.12%. The lowest was 59.57%. And the median was 68.37%.
NAVN's Gross Margin % is ranked better than 82.01% of 2691
companies
in the Software industry
Industry Median: 40.78
vs NAVN: 72.12
Navan had a gross margin of 74.04% for the quarter that ended in Apr. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Navan was 0.00% per year.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Navan had a gross margin of 74.04% for the quarter that ended in Apr. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Navan Gross Margin % Related Terms
Navan Gross Margin % Historical Data
* Premium members only.
The historical data trend for Navan's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NAVN vs CVLT, APPF, ESTC: Gross Margin % Comparison
For the Software - Application subindustry, Navan's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Navan Gross Margin % vs Software Industry
For the Software industry and Technology sector, Navan's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Navan's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Navan (NAVN) has a Gross Margin % of 74.04% as of Apr. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Navan and its competitors. This is near median its historical median of 68.37. Over the past decade, Navan's Gross Margin % has ranged from 59.57 to 72.12. According to the industry distribution chart, Navan ranks #484 out of 2691 companies in the Software industry, placing it in the top 18%.
Is Navan's Gross Margin % too high?
Navan's current Gross Margin % of 74.04% is near median its 10-year median of 68.37. Over the past 10 years, this metric has ranged from a low of 59.57 to a high of 72.12. The Software industry median Gross Margin % is 40.78. Navan's value of 74.04% is 81.6% above this industry median. Based on the distribution chart, Navan ranks #484 out of 2691 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Navan has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Navan's Gross Margin % compare to CVLT and APPF?
According to the Software industry distribution chart, Navan ranks #484 out of 2691 companies for Gross Margin %. This places Navan in the top 18% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 40.78. Navan's value of 74.04% is 81.6% above this benchmark. Historically, Navan's own Gross Margin % has ranged from 59.57 to 72.12 over the past decade. While the company's 10-year median is 68.37 vs. the industry median of 40.78, Navan has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Software company?
The median Gross Margin % among Software companies is 40.78, based on 2,691 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Navan's current Gross Margin % of 74.04% is 81.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Navan and its competitors. For the Software industry, the median Gross Margin % is 40.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Navan's current Gross Margin % is 74.04%, which is near median its own 10-year median of 68.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Navan stock overvalued right now?
Navan (NAVN) has a current Gross Margin % of 74.04%. The current Gross Margin % is 74.04%, which is near median its 10-year median of 68.37 and 81.6% above the Software industry median of 40.78. Navan's overall GF Score™ is 12/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Navan (NAVN), the current Gross Margin % is 74.04% as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Navan Inc is engaged in providing an end-to-end, AI-powered software platform for managing business travel and expense (T&E). The company's platform enables users to manage corporate travel bookings, payments, and expense processes, while providing tools for customers to control and optimize spending and for suppliers to access demand. Geographically, the company operates in the United States, the United Kingdom, and other countries, with the majority of its revenue generated from the United States.
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